3. Construction sector workforce
◼ Skills shortages persist in the construction sector, despite having eased since their peak in 2022; the share of businesses reporting skills shortages across construction occupations was 33.8% in Q2 2024, broadly in line with the pre- pandemic level ◼ Although construction vacancies have fallen from their peak of 3.2 per hundred employee jobs in the first quarter of 2022, the current number of vacancies is higher than at any time in the 20 years preceding the pandemic ◼ An ageing workforce presents a challenge for the sector, with 35% of construction workers over the age of 50 compared to 32% in the economy as a whole. Almost three fifths of workers plan to retire between 61 and 65 and only 5% plan to work beyond this
◼ The composition of the construction workforce remains white and male dominated
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